News & Events

TEDCO, Maryland’s economic engine for technology companies, announced its recent round of funding, including investments in 12 start-up companies and funding to 36 university projects through the Maryland Innovation Initiative (MII).

$1.8M invested in 12 companies and over $4.4M awarded to 36 project grants

According to a new independent study conducted by the The University of Baltimore Jacob France Institute, Maryland Technology Development Corporation - TEDCO, Maryland’s economic engine for tech companies, has generated more than $2.3B in economic benefits to the Region and state.

Conducted by the University of Baltimore's Jacob France Institute, the study found that TEDCO provides significant value to the state's start-up community, supporting 10,433 Maryland jobs and more than $2.3 billion in statewide economic activity as of 2021.